Wiley GAAP 2023

25ASC 360 PROPERTY, PLANT, AND EQUIPMENT

• Perspective and Issues
  • Subtopics
  • Overview
    • Comparison of Accounting and Impairment Rules
• Definitions of Terms
• Overall—ASC 360-10, Property, Plant, and Equipment
  • Scope and Scope Exceptions
    • ASC 360-10, General
    • ASC 360-10, Impairment of Disposal of Long-Lived Assets
  • Concepts, Rules, and Examples
    • Cost Considerations—Initial Acquisition
    • Construction of Tangible Assets for Internal Use
    • Interest Cost
    • Acquisition of an Interest in the Residual Value in Leased Assets
    • Accounting for Assets Acquired in a Group or a Business Combination
    • Accounting for Leases
    • Nonmonetary Transactions
    • Unit of Accounting
    • Cost Considerations—Postacquisition
  • Depreciation and Depletion—Overview
    • The Depreciable Base
    • The Useful Life
  • Depreciation Methods
    • Annuity Methods
    • Income Tax Methods
    • Depreciation Methods as a Function of Time
    • Partial-Year Depreciation
    • Examples of Depreciation Methods
    • Example of Straight-Line Depreciation
    • Example of Double-Declining Balance Depreciation
    • Example of Sum-of-the-Years’ Digits (SYD) Depreciation
    • Example of Partial-Year Depreciation
    • Depreciation Method Based on Actual Physical Usage
  • Other Depreciation Methods
    • Group (Composite) Method
    • Depletion
    • Example of Depletion
    • Impairment
    • Impairment of Long-Lived Assets to Be Held and Used
    • Example of Impairment
    • Analysis
    • Estimate of Future Cash Flows
    • Other Impairment Considerations
    • Long-Lived Assets Classified as Held for Sale
    • Measuring Expected Disposal Gain or Loss
    • Reclassification—Changes ...